Fiat Industrial renews 3-year committed revolving credit facility

Fiat Industrial has signed the renewal of a US$2.69 billion (€2bn) three-year committed revolving credit facility with 21 banks. The deal is said by Fiat Industrial to demonstrate the strong support the Group enjoys from its key relationship banks. The facility is intended for general corporate purposes and working capital needs and replaces the US$2.69 billion three-year revolving credit facility originally signed in December 2010.
February 8, 2013 Read time: 1 min
6892 Fiat Industrial has signed the renewal of a US$2.69 billion (€2bn) three-year committed revolving credit facility with 21 banks.

The deal is said by Fiat Industrial to demonstrate the strong support the Group enjoys from its key relationship banks. The facility is intended for general corporate purposes and working capital needs and replaces the US$2.69 billion three-year revolving credit facility originally signed in December 2010.

For more information on companies in this article

Related Content

  • Power China wins more Belgrade ring road work
    November 2, 2017
    Serbia has signed a deal with Power China to construct the Ostruznica-Bubanj Potok section of the capital Belgrade’s ring road.
    Read More
  • Italy: Astaldi takes out loan for Turkish motorway project
    June 18, 2015
    Italian civil engineering group Astaldi has underwritten a €4.5 billion (US$5 billion) loan towards the Turkish motorway project of Gebze-Orhangazi-Izmir, which is worth an overall €5.65 billion ($6.4 billion). According to the La Repubblica newspaper, the loan facility will be used to complete the 301km last stretch of the motorway and link the city of Bursa, south of the Sea of Marmara, and the Aegean port of Izmir. Part of the loan will be used to refinance stretches that are under construction for
    Read More
  • South Africa setting for Powerscreen
    June 14, 2012
    Powerscreen hosted a world dealer conference in Cape Town, South Africa, where more than 300 worldwide dealers and customers attended. Damian Power, global product line director, said: “South Africa is a growing market and as the country’s construction and road building segments continue to grow in conjunction with a thriving mining industry, it is a key strategic market for the complete Powerscreen product range. We have a long history in South Africa with ELB. “The conference enabled us to strengthen th
    Read More
  • Work to start on Mianyang-Jiuzhaigou Expressway, China
    March 24, 2014
    Work on the new 218.5-kilometre Mianyang-Jiuzhaigou Expressway in Sichuan province, China is expected to begin later this year. Upon completion of the US$4.91 billion (CNY 30.58 billion) megaproject, the travel time from Chengdu city in the province to Jiuzhaigou via the expressway will take only 210 minutes. The expressway is expected to be completed within 60 months and is scheduled to be operational no later than 31 December 2018. Meanwhile, construction of the Ziyuan-Xing'an highway has fully started.
    Read More

Highlighted Content